Karbala Hotels Company has approved a capital increase of 50% to complete the implementation of the company's requirements.
The company said in a statement to the Iraqi stock exchange, that the increase will be 2.5 billion dinars.
The company's current capital is 5 billion dinars, distributed over 5 billion shares, with a nominal value of one dinar per share.
The company's general assembly, which was held on November 14, agreed to write off the losses in 2016, amounting to KD 32.88 million, of the cumulative profits of the company.
The company turned to profitability in the third quarter of the current year 2017, achieving profits of 9.32 million dinars, compared to losses of 2.01 million dinars in the third quarter of last year.
SOURCE
The company said in a statement to the Iraqi stock exchange, that the increase will be 2.5 billion dinars.
The company's current capital is 5 billion dinars, distributed over 5 billion shares, with a nominal value of one dinar per share.
The company's general assembly, which was held on November 14, agreed to write off the losses in 2016, amounting to KD 32.88 million, of the cumulative profits of the company.
The company turned to profitability in the third quarter of the current year 2017, achieving profits of 9.32 million dinars, compared to losses of 2.01 million dinars in the third quarter of last year.
SOURCE